Manufactured Home Lenders

[Ken Rishel]

Chattel Lenders – 2016

The availability of chattel lending has a direct impact on the profitability and the stability of communities. What follows is as comprehensive a list as is available of outside chattel lenders who loan their money to your residents to purchase homes. These are companies who can help you improve your occupancy rates, so it pays to know them and understand what they are looking for and how they work.

National

21st Mortgage

Vanderbilt Mortgage

Triad Financial Services

Countryplace

Super Regional

CU Factorybuilt 

Mountainside Financial

Park Lane Finance

Alliance Credit LLC

Regional

First Credit Corp of NY 

Oxford Bank & Trust Oakbrook, Illinois

Tammac Corp Wilkes- Barr, PA

First Federal Florence, SC

Performance Equity Partners Tinley Park, Illinois

Santiago Financial Tustin, CA

AZ Lending Specialists Gold Canyon, AZ

Other Solutions

CASH Program – 21st Mortgage  (Specialty Recourse Program for Communities)

Darrell Boyd Triad  (Seller Finance Origination and Service for Large Operators) This requires use of your capital.

This directory was compiled by Rishel Consulting Group, a nationally recognized consultancy specializing in chattel finance.

[Ken Rishel]

Originally posted by @Paul Ewing:

@Ken Rishel do you have a list of lenders willing to finance for investors of Buy and Hold rentals?  I know 21st will, but would like some other options.  I mostly deal with already installed homes with one acre lots in semi-rural Texas.  I also do purchases of MHs that I install on my land for rentals (not official parks).

 If you want to do straight rentals and you are in Texas, you should talk to Legacy Homes. I believe CAVCO also has a program for that as well. Talk to Steve Quick at Fleetwood Homes also in Texas.